PART 2THE TREATMENT OF PARTICIPANTS IN NON-REPORTING FUNDS
CHAPTER 4DISPOSALS OF INTERESTS IN NON-REPORTING FUNDS
Basic provisions
Application of this Chapter32
This Chapter applies if a participant disposes of an asset and at the time of the disposal—
a
the asset is an interest in a non-reporting fund, or
b
the asset is an interest in a reporting fund and the requirements specified in paragraph (3) of regulation 17 (read, as appropriate, with paragraphs (4) and (5) of that regulation) are met.